Page 9 ARTICLE XIV ANNUAL REPORT Section 1 An annual report of -the activity and finances of the Corporation shall be rendered by the Chairman of the FOUNDATION to the (Delete UNITED RUGBY CLUB OF RICHMOND INC.) (Add RRF Congress) AT ITS ANNUAL MEETING. ARTICLE XV DISSOLUTION The Corporation may be dissolved at any tine by recommendation of the Board of Trustees. In the event of the dissolution of the Corporation, whether voluntary or involuntary or by operation of law, none of the assets of the Corporation shall be distributed to any member, but after payment of all lawful debts "or" the Corporation, its property and assets shall be given to a charitable organization or organizations of the kind described in; �501 of the Internal Revenue Code of 1954, as amended, such organization or organizations to be selected by the Board of Trustees.